The ink was barely dry on their $3.5 billion dollar acquisition of troubled Japanese giant Sharp Corp., when Foxconn’s CEO Terry Gou was forced to admit that overall orders for goods produced by the Taiwanese OEM manufacturer are dropping. Gou was essentially pressed to make the admission by China’s Premier Li Keqiang on Tuesday.
Manufacturers
Legrand Will Pay You Cash to Sell Nuvo Speakers
Legrand announced this week that it is launching a cash rebate program for installers on 17 recently launched Nuvo speaker products. This sales incentive program is being offered both to dealers who buy Nuvo direct, and those who purchase Nuvo products through distributors.
See more on this “cash reward’ program on select Nuvo products… [Read more…] about Legrand Will Pay You Cash to Sell Nuvo Speakers
Nortek Fiscal 2016 Q1 Results Improve, Except for AV
AVC Generates an Operating Loss on a 17.8% Decline in Sales
Nortek, Inc. (Nortek) released their results for the 2016 fiscal first quarter and generally showed broad improvement,with sales gains and profit improvements in most of their segments. But not in the Custom and Commercial Air segment which had a sales decline; and especially not in their AVC segment, which saw continued sales declines and generated a loss from operations.
See more on our Nortek 2016 Q1 report… [Read more…] about Nortek Fiscal 2016 Q1 Results Improve, Except for AV
URC Announces Death of Marguerita Kiser
Universal Remote Control, Inc. (URC) announced on Tuesday that its West Coast Sales Manager Marguerita Kiser has passed away after a brief illness. The company noted in a brief but solemn statement that it is in mourning.
See more on this sad news from URC… [Read more…] about URC Announces Death of Marguerita Kiser
At High End Show, Bluesound & NAD Offer High-End Announcements
From the High End show now taking place in Munich, Germany, Bluesound and NAD, two specialty audio lines leading the charge into high-res and high quality audio, made several interesting announcements about their efforts. Both brands are marketed here in the U.S. by Lenbrook America.
See what Bluesound and NAD announced at the High End show… [Read more…] about At High End Show, Bluesound & NAD Offer High-End Announcements
Legrand & Samsung Partner on IoT Light Switch
IoT Product Launches are Increasing, From Samsung & Others
Several announcements emerged this week from the Samsung Developer Conference being held in San Francisco – an event that has largely represented the launch of the first wave of Samsung’s assault on the Internet of Things (IoT) market. One announcement that caught our eye is the news that Samsung and Legrand have partnered on a new Thread-enabled lighting switch.
See more on this new IoT light switch and the partnership with Samsung… [Read more…] about Legrand & Samsung Partner on IoT Light Switch
Former Lutron Exec Rick Schuett Joins Echelon as SVP of Sales
Helped Popularize Lighting in the Residential Custom Integration Channel
Former Lutron executive Rick Schuett has joined Echelon Corporation as Senior Vice President of Worldwide Sales, the company announced on Wednesday. Echelon describes themselves as a “control networking company for the Industrial Internet of Things (IIoT).”
See more on this appointment… [Read more…] about Former Lutron Exec Rick Schuett Joins Echelon as SVP of Sales
Sharp Considering Cutting Another 1,000 Jobs
Company Says Idea is Their Own, Not A Foxconn Requirement
Sharp Corp., the embattled Japanese manufacturer best known for LCD flat-panel televisions and soon to be division of Hon Hai Precision Industry Co., (a Taiwanese company better known as Foxconn) is said to be strongly considering cutting another 1,000 jobs at the company as a result of continuing poor performance. This would be the third round of significant employment cuts in the last four years.
See more on Sharp’s continuing problems… [Read more…] about Sharp Considering Cutting Another 1,000 Jobs
Dirac Cuts Interesting Deal with Pioneer
Dirac Research, a provider of high-quality room and loudspeaker optimization technologies, announced today that it has reached an agreement with Pioneer Corporation to distribute their digital technologies in the OEM market in Japan. The deal, their first with a relatively mainstream manufacturer, will put Dirac technology in a wide range of products under a wide range of brands.
See more about this milestone agreement for Dirac… [Read more…] about Dirac Cuts Interesting Deal with Pioneer
LG’s Preliminary Q1 Results – Sales Down, Profits Up
LG Electronics, Inc. released preliminary financial results for their first quarter of the 2016 fiscal year earlier this month. The report was very brief, showing only top line revenues and operating profits. But as short as it is…it comes with a bit of a surprise.